Rushford Foundation Inc

Analysis

Rushford Foundation Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Rushford Foundation Inc reported income of $85k and spending of $45k, leaving 47% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $99k to $85k (-14%), an average of -3.7% a year. The sharpest change came in the year to September 2021, when income rose by 72%. Over the whole period it spent 55% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rushford Foundation Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include Dr Magnus Hirschfeld Fund ($85k), Hawaii Obstetrics and Gynecology Research and Education Foundation ($85k) and Mount Desert Medical Center ($85k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% of the total. Other salaries and wages came to $11k. At year end it held assets of $1.7m against liabilities of $57k, net assets of $1.7m.